Read the details of Sharp Chucks IPO Allotment Status, Subscription Status, Allotment Date in brief from here. Sharp Chucks IPO (Initial Public Offering) is open for subscription on Friday, September 29, 2023. This article will briefly discuss the Sharp Chucks IPO Allotment Status, Subscription Status, and Allotment Date.
Sharp Chucks IPO Allotment Status
Recently, on 29th Sept 2023, Sharp Chucks has opened its IPO. And the closing date of this IPO was 5th Oct 2023. Sharp Chucks and Machine Limited manufactures and supplies chucks, lathe machinery parts, machine tool accessories for tractors, machinery parts, self-centering chucks, etc.
Sharp Chucks IPO’s band size is ₹58 per equity share. For application, the lowest lot size is 2000 Shares. ₹1,16,000 is the least investment amount that investors require. It is anticipated that the Sharp Chucks IPO’s Allotment will be made on Monday, October 9, 2023.
Sharp Chucks IPO’s expected listing date is Oct 12, 2023. For HNI, the lowest lot size investment is two lots, which means 4,000 shares, amounting to ₹2,32,000.
About the Sharp Chucks and Machine Limited
Sharp Chucks were founded in 1994 and are engaged in power chucks, lathe machinery parts, machine tool accessories for tractors, machinery parts, self-centring chucks, etc. It is also involved in the graded casting of tractor’s machined components and manufacturing of forging.
Mr. Ajay Sikka is the company’s managing director. Currently, the company is primarily focusing on the expansion of its product range with the development of new designs. Sharp Chunks IPO is opened for subscription on 29th Sept 2023.
Sharp Chucks IPO Subscription Status
As of October 5, 2023, this IPO is subscribed 54.2 times. In the retail category, the public issue subscribed 63.69 times. And in the other categories, it is subscribed 38.76 times.
| Category of Investor | Shares offered | Shares bid for | Subscription | Total Amount |
| Retail Investors | 1,378,000 | 8,77,70,000 | 63.69 times | 509.07 Crores |
| Other Investors | 1,378,000 | 5,34,10,000 | 38.76 times | 309.78 Crores |
| Total | 2,904,000 | 14,93,78,000 | 54.2 times | 866.39 Crores |
You can check the status by visiting the official portal of the Sharp Chucks Registrar. Skyline Financial Services Private Ltd. is the registrar. You will have to enter your specific details and PAN number to know the status. Do not refer to any other website to check the details considering the data privacy issues.
Overview of Sharp Chucks IPO
| IPO Date | Sept 29th, 2023 to Oct 5th, 2023 |
| Basis of Allotment | 9th October, 2023 |
| Initiation of Refunds | 10th October, 2023 |
| IPO Listing Date | 12th October, 2023 (expected) |
| Credit of Shares to the Demat Account | 11th October, 2023 |
| Minimum Investment | ₹1,16,000 |
| Price Range | ₹58 per share |
| Total Issue Size | 2,904,000 shares |
| Lot Size | 2000 shares |
| Shareholding pre-issue | 9,784,308 |
| Shareholding post-issue | 10,759,792 |
Sharp Chucks IPO Allotment Date
It is anticipated that the Sharp Chucks IPO’s Allotment will be made on Monday, October 9, 2023. The total number of shares of Sharp Chucks IPO is 2,904,000 shares (aggregating up to ₹16.84 Cr). The book-running lead Manager of this IPO is Fedex Securities Pvt Ltd, and the registrar of this IPO is Skyline Financial Services Private Ltd.
Sharp Chucks IPO is an NSE SME IPO; it will be listed on the National Stock Exchange. For those who didn’t get an allotment for the Sharp Chucks IPO, their refund will be initiated on October 10, 2023. Nikunj Stock Brokers is the market maker for Sharp Chucks IPO.
Important dates of Sharp Chucks IPO
Below are some of the crucial dates that are associated with the initial public offering. Moreover, the investors can check the listing on NSE for reference.
| IPO Date | Sept 29th, 2023 to Oct 5th, 2023 |
| Basis of Allotment | 9th October, 2023 |
| Initiation of Refunds | 10th October, 2023 |
| IPO Listing Date | 12th October, 2023 (expected) |
| The credit of Shares to Demat Account | 11th October, 2023 |
Sharp Chucks IPO GMP Today
Grey Market Premium depicts the maximum price that the buyers can pay for the per equity share before it gets listed on the stock exchange. As per the market, the GMP for Sharp Chucks IPO has been dropped to ₹10 per equity share.
With the help of GMP, the firm owners can get to know how the IPO will perform on the listing day. When the GMP is high, it means that there is more difference between the official and unofficial price.
It indicates that in the Grey Market, the shares of Sharp Chucks IPO were trading at a premium of 17.24% to its price.
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